Nigeria’s current account surplus has risen to $5.28 billion in the second quarter of 2025, up from $2.85 billion in the first quarter, according to the Central Bank of Nigeria.
The increase reflects stronger external sector resilience and improved foreign exchange inflows. Gross external reserves also rose to $43.05 billion as of September 11, providing 8.28 months of import cover.
President Bola Tinubu confirmed the increase in his Independence Day address to Nigerians on October 1.
The CBN attributed the improvement to sustained exchange rate stability, tighter monetary policy, and moderation in petroleum product prices.
Additionally, the CBN reduced the Cash Reserve Ratio for commercial banks from 50% to 45% to ease liquidity burden and support productive lending, while introducing a 75% CRR on non-Treasury Single Account public sector deposits to curb excess liquidity and inflationary pressures.
